CAGR: 4.5%Current Market Size: USD 5.2 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global sperm bank market is expected to grow from USD 5.2 billion in 2022 to USD 7.3 billion by 2030, at a CAGR of 4.5% during the Projection period 2023-2030. The growth of the sperm bank market is mainly driven by the rising infertility cases.
A sperm bank, also known as a cryobank, is a specialized institution that stores and sells sperm acquired from human donors. It keeps the specimen alive under regulated circumstances over lengthy periods of time. The bank undertakes several assessments, including medical history and age requirements, in order to become a donor. Sperm banks typically provide storage, sperm analysis, and genetic counseling services. It also gives donors a private space for ejaculation, which is afterward examined to determine fertility levels. Sperm banks often sell stored specimens to hospitals and clinics for artificial insemination, which includes inserting sperm into the female uterine cavity to achieve pregnancy. The increased prevalence of different chronic conditions, such as thyroid, obesity, uterine fibroids, and polycystic ovarian syndrome (PCOS), as well as the rising usage of pharmaceuticals and tobacco-based goods, are providing a positive outlook for the industry. In accordance with this, increased worries about male infertility caused by insufficient and aberrant sperm volume are boosting market expansion. Furthermore, different breakthroughs, such as the introduction of assisted reproductive technology (ART) techniques to produce a successful pregnancy and a healthy baby while avoiding the transmission of particular genetic disorders, are fueling market expansion.
Sample Request: - Global Sperm Bank Market
Market Dynamics:
Drivers:
Growing access to infertility treatment, greater awareness, and advancements in cryopreservation procedures are driving market expansion. Furthermore, rising demand for fertility treatments such as In-vitro Fertilization (IVF) is fueling market expansion. Furthermore, other developments, such as the use of assisted reproductive technology (ART) techniques to produce a successful pregnancy and a healthy baby while preventing the transmission of specific genetic disorders, drive market growth. Infertility concerns among both sexes, as well as cases such as pre-ejaculation difficulties, insufficient sperm count, and genetic abnormalities, are expected to fuel market expansion throughout the Projection period. The surge in financing & supportive government activities across different countries is also helping to enhance market growth.
Restraints:
People's lack of awareness, as well as the scarcity of sperm banks, are the market's stumbling blocks. Furthermore, rigorous governmental rules and regulations in a number of emerging and undeveloped nations, as well as the high cost of artificial insemination and assisted reproduction, impede market expansion throughout the Projection period.
Opportunities:
The rise of fertility tourism is projected to open up new industry opportunities. Furthermore, the rising use of donor sperm in artificial insemination technologies is driving market expansion. Furthermore, with the growing trend of fertility tourism in countries like as India, Denmark, Spain, and the Czech Republic, the need for sperm analysis services has skyrocketed. This component also contributes to market expansion. Furthermore, rising awareness of assisted reproductive technology (ART) and the presence of diverse laws governing sperm donation across the globe are driving market expansion.
Challenges:
The high costs of procedures such as intrauterine insemination (IUI), in vitro fertilization (IVF), and other related procedures are a barrier to market growth.
Segmentation Analysis:
The global sperm bank market has been segmented based on donor, service type, end-user, and region.
By Donor
The donor segment is anonymous donor, and known donor. The known donor segment led the largest share of the sperm bank market with a market share of around 55% in 2022. Austria, Switzerland, New Zealand, Sweden, the United Kingdom, and Australia are examples of countries with strict regulations prohibiting donor anonymity. According to New Hampshire Fertility Law PLLC, a New Hampshire-based fertility law practice, using a known donor might be a viable solution for potential parents after completing all legal requirements. Using a known donor guarantees that the donor's medical and behavioral history is available.
By Services Type
The services type segment is genetic consultation, sperm storage, and semen analysis. The semen analysis segment led the largest share of the sperm bank market with a market share of around 40.3% in 2022. The increased focus of companies on creating and releasing testing kits for analyzing sperm quality is likely to enhance demand for sperm analysis, consequently promoting market growth. For example, Inherent Biosciences will introduce Path Fertility's Epigenetic Sperm Quality Test, SpermQT, at the American Society for Reproductive Medicine Scientific Congress & Expo in October 2021. SpermQT investigates DNA methylation patterns in genes important in sperm maturation, production, and embryonic development. In addition, Janani will produce a first-of-its-kind at-home sperm testing kit in June 2021. The company has also developed a unique media that can store a sample in non-laboratory conditions for up to 8 hours without causing any damage to the sperm.
By End-User
The end-user segment is In vitro fertilization and donor insemination. The in vitro fertilization segment led the largest share of the sperm bank market with a market share of around 38.3% in 2022. One of the key aspects driving the sperm bank market is growing knowledge of the advantages of IVF operations over insemination techniques. One of the primary elements driving expansion is the procedure's high cost. Other factors boosting IVF demand include increased male infertility prevalence and high maternal age in countries such as Japan. Other market drivers include the repeal of China's one-child policy and an increase in the prevalence of Polycystic Ovary Syndrome (PCOS). Increased access to IVF as a result of a good reimbursement structure or funding also contributes to the creation of attractive business opportunities.
Global Sperm Bank Market - Sales Analysis.
The sale of the sperm bank market expanded at a CAGR of 4.1% from 2016 to 2022.
The primary elements driving expansion are advancements in cryopreservation techniques, increased awareness, the emergence of fertility tourism, and increased availability of infertility therapy. The increased chance of miscarriage is also one of the primary causes driving demand. According to an article released by Tommy's, a charity that funds research into stillbirths, premature births, and miscarriages in the United Kingdom, over 650 babies were miscarried per day in 2017. One of the primary drivers for the market is the rising prevalence of obesity around the world. Obesity is a known risk factor for decreased sperm count in men and female infertility. Men and women who are infertile use artificial insemination techniques.
As a result, the increased risk of infertility due to obesity is predicted to increase demand for reproductive treatments such as In-vitro Fertilization (IVF), boosting market expansion. Rising worries about male infertility due to aberrant and insufficient sperm volume and ejaculatory difficulties are expected to push demand for sperm bank services even further. Male infertility accounts for 30% of infertility cases, or roughly one-fifth of all infertility cases, according to the American Association of Pregnancy. Male infertility is caused by a variety of factors, including illicit drugs, hazardous exposure, excessive alcohol intake, and smoking.
Thus, owing to the aforementioned factors, the global sperm bank market is expected to grow at a CAGR of 4.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the sperm bank market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the sperm bank market and held a 38.2% share of the market revenue in 2022.
Global Sperm Bank Market - Country Analysis:
Germany's sperm bank market size was valued at USD 0.37 billion in 2022 and is expected to reach USD 0.53 billion by 2030, at a CAGR of 4.6% from 2023 to 2030. Because of variables such as reduced treatment costs compared to the United States and Canada, as well as an increase in the number of IVF centers. The rise of fertility tourism is also fueling regional demand.
China’s sperm bank market size was valued at USD 0.40 billion in 2022 and is expected to reach USD 0.58 billion by 2030, at a CAGR of 4.8% from 2023 to 2030. Growing demand for ART and low-cost therapy are two aspects predicted to boost regional expansion. A favorable legislative framework is also a factor supporting the market.
India's sperm bank market size was valued at USD 0.31 billion in 2022 and is expected to reach USD 0.44 billion by 2030, at a CAGR of 4.7% from 2023 to 2030. One of the primary drivers for the market is the rising prevalence of obesity in the region. Obesity is a known risk factor for decreased sperm count in men and female infertility. Men and women who are infertile use artificial insemination techniques.
Key Industry Players Analysis:
To increase their market position in the global sperm bank market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
4.5% |
Market Size |
5.2 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Donor, By Service Type, By End-User, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Cryos International, FairFax Cryobank, Androcryos, European Sperm Bank, New England Cryogenic Center, ReproTech, Indian Spermtech, London Sperm Bank, California Cryobank, Seattle Sperm Bank, and Xytex. |
By Donor |
|
By Service Type |
|
By End-User |
|
Regional scope |
|
Scope of the Report
Global Sperm Bank Market By Donor:
Global Sperm Bank Market By Service Type:
Global Sperm Bank Market By End-User:
Global Sperm Bank Market By Region:
Global sperm bank market is expected to reach USD 7.3 billion by 2030.
The sperm bank market is projected to have a CAGR of 4.5%.
Based on the donor, the sperm bank market is segmented into anonymous donor, and known donor.
Growing access to infertility treatment, greater awareness, and advancements in cryopreservation procedures are driving market expansion. Furthermore, rising demand for fertility treatments such as In-vitro Fertilization (IVF) is fueling market expansion. Furthermore, other developments, such as the use of assisted reproductive technology (ART) techniques to produce a successful pregnancy and a healthy baby while preventing the transmission of specific genetic disorders, drive market growth.
Leading market players active in the global sperm bank market are Cryos International, FairFax Cryobank, Androcryos, European Sperm Bank, New England Cryogenic Center, ReproTech, Indian Spermtech, London Sperm Bank, California Cryobank, Seattle Sperm Bank, Xytex among others.